There are increasing rumors that Alpha might be brought back to life. The Inq sets the big 'if' aside and explores the possiblities: "What if there really is a will to get Alpha back into the changed market? What sort of chip would it have to be to have that good chance of success, if any?"

well you can try asking intel legal department
about alpha instruction set,
From what i know is open , Yep you could walk on gray legal area (towards black)
Nobody stops me to create an open core project
Let's call it OmegaCPU for start

"Create project result:
Project 'omega' successfully created.
Your request will be approved or rejected in 1 week. You will be informed by email."